FLORIN CONSTRUCT
Open bankruptcyFinancials · financial year 2024, abbreviated format
2024 annual accounts filed 26 days after the deadline Filed on 26 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00403034.
Annual accounts 2024 filed on 11-09-2025 at the NBB Annual accounts 2024 (PDF) all 8 filings
Turnover
≈ €290,000
Estimated: probably between €190,000 and €670,000
Total assets
€394,015▼ 19.1%
2023 · €487,042
Net result
€3,308▼ 95.4%
2023 · €71,854
Working capital
€236,047▲ 1.4%
2023 · €232,739
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€21,310
▼ 81.0%
2024
20182024
Net result
€3,308
▼ 95.4%
2024
lowest quarter of the sector
20182024
Equity
€236,047
▲ 1.4%
2024
middle half of the sector
20182024
Total assets
€394,015
▼ 19.1%
2024
lowest quarter of the sector
20182024
Debt
€157,968
▼ 37.9%
2024
20182024
Working capital
€236,047
▲ 1.4%
2024
middle half of the sector
20182024
Solvency
59.9%
▲ 12.1pp
2024
middle half of the sector
20182024
Current ratio
2.49
▲ 0.58
2024
middle half of the sector
20182024
Return on assets (ROA)
0.8%
▼ 13.9pp
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€1,169-€45,903▲ 39×€42,324▼ 7.8%€98,407▲ 133%€115,062▲ 16.9%€111,953▼ 2.7%€21,310▼ 81.0%
Net result€1,169-€62,995▲ 54×€46,844above the sector's middle half▼ 25.6%€111,129above the sector's middle half▲ 137%€75,148above the sector's middle half▼ 32.4%€71,854above the sector's middle half▼ 4.4%€3,308below the sector's middle half▼ 95.4%
Equity€7,369-€10,364▲ 40.6%€37,208within the sector's middle half▲ 259%€85,737within the sector's middle half▲ 130%€160,885above the sector's middle half▲ 87.6%€232,739above the sector's middle half▲ 44.7%€236,047within the sector's middle half▲ 1.4%
Total assets€17,685-€76,563▲ 333%€61,725below the sector's middle half▼ 19.4%€165,310within the sector's middle half▲ 168%€311,331above the sector's middle half▲ 88.3%€487,042above the sector's middle half▲ 56.4%€394,015below the sector's middle half▼ 19.1%
Debt€10,316-€66,199▲ 542%€24,516▼ 63.0%€79,573▲ 225%€150,445▲ 89.1%€254,304▲ 69.0%€157,968▼ 37.9%
Working capital€12,932€37,208within the sector's middle half▲ 188%€87,670above the sector's middle half▲ 136%€160,885above the sector's middle half▲ 83.5%€232,739above the sector's middle half▲ 44.7%€236,047within the sector's middle half▲ 1.4%
Solvency41.7%-13.5%▼ 28.1pp60.3%within the sector's middle half▲ 46.7pp51.9%within the sector's middle half▼ 8.4pp51.7%within the sector's middle half▼ 0.2pp47.8%within the sector's middle half▼ 3.9pp59.9%within the sector's middle half▲ 12.1pp
Current ratio1.202.52within the sector's middle half▲ 1.312.13within the sector's middle half▼ 0.392.07within the sector's middle half▼ 0.061.92within the sector's middle half▼ 0.152.49within the sector's middle half▲ 0.58
Return on assets (ROA)6.6%-82.3%▲ 75.7pp75.9%above the sector's middle half▼ 6.4pp67.2%above the sector's middle half▼ 8.7pp24.1%above the sector's middle half▼ 43.1pp14.8%within the sector's middle half▼ 9.4pp0.8%below the sector's middle half▼ 13.9pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 81% lower than in 2023 and the lowest since 2020. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €394,015
Equity
€236,047 ▲ 1.4%
Debt
€157,968 ▼ 37.9%
Debt's share of the balance-sheet total falls from 52.2% to 40.1%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.67▼
2023 · 1.09
ROE
1.4%▼
2023 · 30.9%
Debt ≤ 1 year
€157,968▼
2023 · €254,304
Income taxes
€22,609▼
2023 · €48,976
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €400 | - | - | - | - |
| Other operating charges640/8 | - | €575 | - | €1,506 | €490 | €200 | €1,199 | ▲ 500% |
| Gross operating margin9900 | €1,584 | €46,479 | €42,324 | €100,313 | €115,552 | €112,153 | €22,509 | ▼ 79.9% |
| Operating profit (loss)9901 | €1,169 | €45,903 | €42,324 | €98,407 | €115,062 | €111,953 | €21,310 | ▼ 81.0% |
| Financial income75/76B | - | €17,909 | - | €20,200 | €10,128 | €9,003 | €8,348 | ▼ 7.3% |
| Recurring financial income75 | - | €3,004 | €4,714 | €200 | €10,128 | €9,003 | €8,348 | ▼ 7.3% |
| Non-recurring financial income76B | - | €14,904 | - | €20,000 | - | - | - | - |
| Financial charges65/66B | - | €359 | - | €192 | €1,571 | €126 | €3,742 | ▲ 30× |
| Recurring financial charges65 | - | €359 | €193 | €192 | €1,571 | €126 | €3,742 | ▲ 30× |
| Profit (loss) for the period before taxes9903 | €1,169 | €63,453 | €46,844 | €118,415 | €123,619 | €120,830 | €25,917 | ▼ 78.6% |
| Income taxes67/77 | - | €458 | - | €7,286 | €48,470 | €48,976 | €22,609 | ▼ 53.8% |
| Profit (loss) for the period9904 | €1,169 | €62,995 | €46,844 | €111,129 | €75,148 | €71,854 | €3,308 | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €1,169 | €62,995 | €46,844 | €111,129 | €75,148 | €71,854 | €3,308 | ▼ 95.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €17,685 | €76,563 | €61,725 | €165,310 | €311,331 | €487,042 | €394,015 | ▼ 19.1% |
| Current assets29/58 | €17,685 | €76,563 | €61,725 | €165,310 | €311,331 | €487,042 | €394,015 | ▼ 19.1% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €92,796 | - |
| Other amounts receivable291 | - | - | - | - | - | - | €92,796 | - |
| Amounts receivable within one year40/41 | €6,200 | €76,438 | €61,090 | €149,465 | €310,888 | €487,029 | €301,216 | ▼ 38.2% |
| Trade receivables40 | - | €10,198 | - | €33,651 | €144,646 | €319,059 | €271,065 | ▼ 15.0% |
| Other amounts receivable41 | - | €66,240 | - | €115,814 | €166,241 | €167,969 | €30,151 | ▼ 82.0% |
| Cash at bank and in hand54/58 | - | €125 | €634 | €15,845 | €443 | €14 | €3 | ▼ 75.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €17,685 | €76,563 | €61,725 | €165,310 | €311,331 | €487,042 | €394,015 | ▼ 19.1% |
| Equity10/15 | €7,369 | €10,364 | €37,208 | €85,737 | €160,885 | €232,739 | €236,047 | ▲ 1.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €6,200 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1,169 | €2,304 | €29,148 | €65,277 | €140,425 | €212,279 | €215,587 | ▲ 1.6% |
| Amounts payable17/49 | €10,316 | €66,199 | €24,516 | €79,573 | €150,445 | €254,304 | €157,968 | ▼ 37.9% |
| Amounts payable within one year42/48 | - | €63,631 | €24,516 | €77,639 | €150,445 | €254,304 | €157,968 | ▼ 37.9% |
| Trade debts44 | - | €992 | €1,877 | - | €1,185 | - | €60,807 | - |
| Suppliers440/4 | - | €992 | - | - | €1,185 | - | €60,807 | - |
| Advances received on contracts in progress46 | - | - | - | - | €112,202 | €182,367 | €9,136 | ▼ 95.0% |
| Taxes, remuneration and social security45 | - | €2,639 | - | €2,639 | €37,059 | €71,937 | €88,025 | ▲ 22.4% |
| Taxes450/3 | - | - | - | - | €37,059 | €71,937 | €88,025 | ▲ 22.4% |
| Remuneration and social security454/9 | - | €2,639 | - | €2,639 | - | - | - | - |
| Other amounts payable47/48 | - | €60,000 | - | €75,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €2,568 | - | €1,933 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,169 | €62,995 | €46,844 | €111,129 | €75,148 | €71,854 | €3,308 | ▼ 95.4% |
| Operating cash flow (approximation) | €1,169 | €62,995 | €46,844 | €111,129 | €75,148 | €71,854 | €3,308 | ▼ 95.4% |
| Change in cash | - | - | €509 | €15,210 | -€15,402 | -€429 | -€11 | ▲ 97.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 11-09-2025 | 2025-00489101 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00403034 | |
| 31-12-2023 | micro format | 05-12-2024 | 2024-00610314 | |
| 31-12-2022 | micro format | 05-12-2024 | 2024-00611392 | |
| 31-12-2021 | micro format | 20-04-2023 | 2023-00062819 | |
| 31-12-2020 | micro format | 29-10-2021 | 2021-75400350 | |
| 31-12-2019 | micro format | 20-04-2023 | 2023-00062822 | |
| 31-12-2018 | micro format | 23-10-2019 | 2019-71400546 |